Description

In arriving at and providing an opinion on the financial statements, auditors follow approximately 1,000 pages of generally accepted auditing standards (GAAS)! It takes a great deal of effort and energy to keep up with the current requirements. Designed for everyone in the firm, this course will replenish your tank with a deep understanding of GAAS needed to fuel high-performance audits under today's standards. The course materials utilize a highly illustrative and innovative format. Over 30 focused exercises are included to provide an enhanced working knowledge of today's GAAS.

Who should take this program?

All auditors

Major subjects

How today's GAAS is organized into seven facets of an audit (i.e., general principles and responsibilities; risk assessment and response to assessed risks; audit evidence; using the work of others; audit conclusions and reporting; special considerations; and special considerations in the United States)

Key terminology used in the audit process

Important considerations, determinations and requirements that pertain to each of the seven facets of an audit

How the theory in today's GAAS translates to the real world

Answers to frequent questions that arise in the application of GAAS

Learning objective(s)

Save time on audit engagements by understanding where the auditor's responsibilities start and stop under today's requirements

Proficiently perform audits through an increased knowledge of how the various sections of GAAS interrelate to each other